GREEN FARM
ActiveSummary
GREEN FARM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €-71k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 8% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-2
Solvency26▼-1
Growth57▼-11
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.98 in 2024; short-term debt: 93.3% and cash: 0.3% of total assets), and 98.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.2%
Return on assets
-0.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 4867 sector peers (2025).
NBB · sector comparisonPosition among 4867 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
13 d early
2023
28 d early
2022
14 d early
2021
59 d early
2020
30 d late
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€27.19M▲ 25.3%
2024 · €21.69M
2021: €18.71M
2022: €18.32M
2023: €20.08M
2024: €21.69M
2021 → 2025
EBIT margin
-0.1%▼ 0.4pp
2024 · 0.3%
2021: 0.3%
2022: 0.0%
2023: 0.3%
2024: 0.3%
2021 → 2025
Net result
€-71k
2024 · €23k
2018: €17k
2019: €30k
2020: €20k
2021: €11k
2022: €-35k
2023: €29k
2024: €23k
2018 → 2025
Working capital
€-245k▼ 45.2%
2024 · €-169k
2018: €-18k
2019: €63k
2020: €-49k
2021: €-117k
2022: €-142k
2023: €-96k
2024: €-169k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€18.71M-€18.32M▼ 2.1%€20.08M▲ 9.7%€21.69M▲ 8.0%€27.19M▲ 25.3%
Equity€161k-€126k▼ 21.8%€155k▲ 22.8%€175k▲ 13.3%€104k▼ 40.6%
Operating result€62k-€1k▼ 98.3%€64k▲ 5,889%€68k▲ 5.3%€-37k
Net result€11k-€-35k€29k€23k▼ 18.0%€-71k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €37k after €68k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.98M
Fixed assets
€844k ▼ 23.1%
Current assets
€8.14M ▼ 1.2%
Equity and liabilities €8.98M
Equity
€104k ▼ 40.6%
Provisions
€0 ▼ 100%
Debt
€8.88M ▼ 2.7%
Debt's share of the balance-sheet total rises from 97.7% to 98.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€296k▼
2024 · €341k
Cash flow
€262k▼
2024 · €297k
Current ratio
0.97▼
2024 · 0.98
Quick ratio
0.42▼
2024 · 0.46
Debt to equity
85.15▲
2024 · 51.99
ROE
-67.9%▼
2024 · 13.3%
ROA
-0.8%▼
2024 · 0.3%
Interest coverage
12.64▼
2024 · 16.36
Debt ≤ 1 year
€8.38M▼
2024 · €8.41M
Debt > 1 year
€494k▼
2024 · €717k
Income taxes
€496▼
2024 · €13k
Staff costs
€605k▼
2024 · €715k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 74 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.33M€8.98M▼
Fixed assets21/28€1.10M€844k▼
Intangible fixed assets21€5k€1k▼
Tangible fixed assets22/27€1.09M€843k▼
Plant, machinery and equipment23€438k€391k▼
Leasing and similar rights25€654k€451k▼
Current assets29/58€8.24M€8.14M▼
Stocks and contracts in progress3€4.39M€4.63M▲
Stocks30/36€4.39M€4.63M▲
Raw materials and consumables30/31€4.39M€4.63M▲
Amounts receivable within one year40/41€3.80M€3.47M▼
Trade receivables40€2.80M€2.71M▼
Other amounts receivable41€999k€761k▼
Cash at bank and in hand54/58€34k€25k▼
Deferred charges and accrued income490/1€12k€11k▼
Equity and liabilities
Total equity and liabilities10/49€9.33M€8.98M▼
Equity10/15€175k€104k▼
Contributions10/11€11k€11k▼
Reserves13€164k€94k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€162k€91k▼
Provisions and deferred taxes16€36k€0▼
Provisions for liabilities and charges160/5€36k€0▼
Other liabilities and charges164/5€36k€0▼
Amounts payable17/49€9.12M€8.88M▼
Amounts payable after more than one year17€717k€494k▼
Financial debts170/4€717k€494k▼
Leasing and similar obligations172€439k€266k▼
Credit institutions173€270k€206k▼
Other loans174€8k€23k▲
Amounts payable within one year42/48€8.41M€8.38M▼
Current portion of amounts payable after more than one year42€313k€260k▼
Trade debts44€7.83M€6.77M▼
Suppliers440/4€7.83M€6.77M▼
Advances received on contracts in progress46€137k€1.27M▲
Taxes, remuneration and social security45€125k€72k▼
Taxes450/3€24k€496▼
Remuneration and social security454/9€100k€71k▼
Other amounts payable47/48€1k€1k▼
Income statement
Code20242025
Operating income70/76A€23.84M€29.34M▲
Turnover70€21.69M€27.19M▲
Other operating income74€2.14M€2.15M▲
Non-recurring operating income76A€14k€0▼
Operating charges60/66A€23.78M€29.38M▲
Goods for resale, raw materials and consumables60€15.89M€19.63M▲
Purchases600/8€16.91M€19.87M▲
Change in stocks: decrease (increase)609€-1.01M€-243k▲
Services and other goods61€6.89M€8.77M▲
Remuneration, social security and pensions62€715k€605k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€273k€333k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€7k€-36k▼
Other operating charges640/8€0€961▲
Non-recurring operating charges66A€0€85k▲
Operating profit (loss)9901€68k€-37k▼
Financial income75/76B€93€13▼
Recurring financial income75€93€13▼
Income from current assets751€0-
Other financial income752/9€93€13▼
Financial charges65/66B€31k€34k▲
Recurring financial charges65€31k€34k▲
Debt charges650€21k€23k▲
Other financial charges652/9€10k€10k▼
Profit (loss) for the period before taxes9903€37k€-70k▼
Income taxes67/77€13k€496▼
Taxes670/3€13k€496▼
Profit (loss) for the period9904€23k€-71k▼
Profit (loss) for the period to be appropriated9905€23k€-71k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€-71k▼
Transfer from equity791/2-€71k
From reserves792-€71k
Transfer to equity691/2€23k€0▼
To other reserves6921€23k€0▼
Social balance
Average headcount (FTE)90879.310.4▲
The notes to these accounts (68 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-09
State Gazette act
Appointments: Agri Chicon (director) and Bert Maertens (director)Permanent representative: Lore Vertongen · Mandate compensation6 facts ▸
State Gazette act
Appointments: Agri Chicon (director) and Bert Maertens (director)
Permanent representative: Lore Vertongen · Mandate compensation6 facts ▸
- General meeting, 23-12-2024
- Director appointment, Agri Chicon (director)
- Permanent representative, Lore Vertongen
- Director appointment, Bert Maertens (director)
- Mandate compensation, Agri Chicon
- Mandate compensation, Bert Maertens
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-71k ▼403%
Net result drops to €-71k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
31-12
Financial
Equity above €150kEq €155k ▲22.8%
Equity rises from €126k to €155k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Equity above €150kEq €150k ▲16.3%
3 profitable years in a row build equity to €150k.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
Show earlier events
2019
31-12
Financial
Highest result since 2018net €30k ▲76.6%
Operating result €71k, net result €30k, both a record.
31-12
Financial
Equity above €100kEq €129k ▲31.1%
2 profitable years in a row build equity to €129k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
Agri Chicon
CurrentDirector · since 29-06-2024 · Private limited company · perm. rep.: Lore Vertongen
Bert Maertens
CurrentDirector · since 29-06-2024
29-06-2024
Agri Chicon: Appointed as Director
29-06-2024
Bert Maertens: Appointed as Director
Location & real-estate footprint
Registered office, Kortemark · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Galgestraat 98610 KortemarkGround area
72 m²
Building footprint
72 m²
Volume, LiDAR
574 m³
Parcel 32011D0504/00E002, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GREEN FARM
since 20062.152.046.750
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011D0504/00E002 | Flanders | 72 m² | 1 · 72 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 3,543 EUR awarded · 3,543 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 518 EUR | 518 EUR |
| 2024 | 1 | 1,472 EUR | 1,472 EUR |
| 2023 | 1 | 1,553 EUR | 1,553 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortemark2.152.046.750
Similar companies · same sector, comparable size
AENSPECK - WELLENS STEENOKKERZEEL
BE 0438.244.416
Steenokkerzeel · Eq €104k
FLOORSHOP
BE 0432.790.145
Antwerpen · Eq €105k
GLOBAL NICE FOOD
BE 0720.789.380
Liège · Eq €103k
De Fruitmarkt
BE 1004.170.625
Erpe-Mere · Eq €102k
ARGRO
BE 0439.045.259
Ardooie · Eq €107k
Of 956 companies in sector 46319 we hold annual accounts for 609. 380 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded29-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.